Technical Momentum Shifts Amid Mixed Market Signals
Technical Momentum and Trend Overview
The recent market assessment for GFL reveals a transition in its technical trend from mildly bearish to sideways, signalling a potential pause or consolidation phase in price movement. This shift is underscored by the daily moving averages, which currently suggest a mildly bullish posture, indicating that short-term price action may be stabilising or preparing for a directional move.
Examining the Moving Average Convergence Divergence (MACD) indicator, the weekly chart remains bearish, reflecting downward momentum over the past several sessions. However, the monthly MACD presents a mildly bullish signal, suggesting that over a longer horizon, the stock may be experiencing some underlying strength or…
